U.S. ethanol production sank last week as stocks moved to multi-month highs.
The U.S. Energy Information Administration says ethanol production averaged 962,000 barrels a day, down 15,000 barrels on the week and 68,000 on the year as the uncertainties about demand tied to COVID-19 continue to impact the industry.
According to the Renewable Fuels Association, blending inputs and the volume of gasoline supplied to the market were also both lower than the week before and a year ago.
